Iranian Foreign Minister Abbas Araghchi’s visit to Cairo in early June was his second trip to the Egyptian capital in nine months, following his visit in October last year. Back then, all signs suggested that Israel would launch a direct attack on Iran—one that would force Iran to respond, triggering a regional war.
This time, with the Iranians in nuclear talks with the Americans, things feel calmer, and International Atomic Energy Agency (IAEA) Director-General Rafael Mariano Grossi was due in Cairo in early June, so the Egyptians used the opportunity to invite Araghchi so that he and Grossi could meet and quell tensions arising from the IAEA’s latest report into Tehran’s uranium enrichment activities.
Cairo’s motivations can be easily discerned. Egypt wants to use the current standoff over Iran’s nuclear programme and the US-Iran talks to reanimate its status as a regional influence—one with the ability to talk to all parties. Reports that Israel is preparing to strike Iran if current US-Iran talks break down worry Egypt. If the past year and a half has taught them anything, it is that when there is spiralling regional violence, they are the first to pay—and pay dearly.
Tehran, no doubt, welcomed Cairo's invitation to Aragchi to meet Grossi, but this doesn't necessarily mean it will return the favour. Indeed, instead of saying what the Egyptians wanted to hear, Aragchi seemed to dispel all illusions that Iranian-Egyptian relations had improved.
The Egyptians reportedly want Iran to stop the Houthi attacks on ships in the Red Sea, for instance. This is costing the Egyptian treasury billions of dollars in lost Suez Canal transit fees (around $800mn per month), as shipping operators sail the longer but safer route around Africa instead.